A mixed bag on the ASX today, sitting up 0.3% and just shy of the days high. Telecommunications the leading sector bouncing up 1.3%. AMP getting a little slaughtered (down over 5%), falling to a six-year low after Macquarie said the firm could see A$35 billion in investor outflows following revelations of board-level misconduct. Macquarie also downgraded the stock rating to "neutral" from "outperform" and lowered its price target to A$4.30 from A$5.65.
The West Australian government is counting on the lithium boom to help it manage record state debt and banking on investment of $4.7 billion in lithium projects under way or in the pipeline to create new jobs.
Well, as Oscar said, Donald and Kim are about to have a date. Cant be the only one whom feels more dread than optimism at the thought of 2 notably erratic people, being in the same room as each-other. Hopefully their political interests are enough to prevent someone saying something stupid that we'll all regret.
U.S. President Donald Trump said he will meet North Korean leader Kim Jong Un on June 12 in Singapore, locking in a historic summit between the two leaders amid their confrontation over Pyongyang’s nuclear weapons program. “We will both try to make it a very special moment for World Peace!” Trump said in a Twitter message Thursday announcing the date and place of the long-anticipated talks, just hours after the arrival in Washington of three U.S. citizens who had been imprisoned in North Korea.
U.S. consumer prices rose by less than forecast in April as costs for automobiles and airfares declined. Inflation looked even more tame if you remove housing costs.
Sounds like there a bit of chilly weather going around, might have to break out some hot chocolate for non coffee and tea drinkers. Or perhaps some of the cup-a-soup packets lying around I'm sure if you'd prefer. Or just have that hot water if that's your thing.
